Enter Accounts to Revalue
Explanation
This activity is used to enter, change and view accounts for General Ledger and Internal Ledger for which
currency revaluation should be performed. The currency revaluation can be performed on accounting currency,
parallel currency or accounting and parallel currency. Here you also state if the revaluation should be performed
on account balances or on a transaction level and how the currency revaluation should be posted. When currency
revaluation is based on transaction level, it will revalue each individual open ledger item in supplier/customer
ledger regardless if it exists in the Internal Ledger. You could enter individual or multiple accounts or account
groups to revalue.
When a currency revaluation voucher is created, the currency gain or loss is posted either to posting type
GP10 - Unrealized Currency Gains or GP11 - Unrealized Currency Losses. The opposite
side of the voucher is posted either to the original accounts or the accounts defined in posting type GP9 -
Currency Revaluation.
Prerequisites
In order to perform this activity:
- If revaluation should be done for Internal Ledger, the field Include in Currency Revaluation in
Define Internal Ledger should be enabled.
- If revaluation should be done for Internal Ledger on transaction level, make sure each open supplier/customer
ledger item exists in the Internal Ledger.
- If revaluation level balance is to be used, the accounts must be defined as Currency Balance accounts. One
code part must be defined for Currency Balance. The currencies used must be defined as code part values for the
Currency Balance code part.
- If different currency rates are to be used for different accounts, the relevant currency rate type should be
assigned to each account.
- The Do Not Reverse should be enabled if GL/IL accounts are to be excluded from the reversal
voucher.
- It is recommended not to enter any general ledger account connected to multiple cash accounts, defined in
several currency codes, as revaluation accounts as it may not result in an accurate currency revaluation
result.
System Effects
As a result of this activity:
- The data defined in this page effect if the revaluation should be performed on account balances or on a
transaction level. It also effects how the currency revaluation should be posted and to which currency
rate.
- If a rate type is assigned to an account, the assigned rate type will be used in the revaluation of that
account. If a rate type is not connected to the account, the general rate type given in the Currency
Revaluation - Execute dialog will be used.
- GL/IL accounts are excluded from the reversal voucher if the Do Not Reverse of the respective GL/IL
accounts are enabled.